Crude oil price surged higher during its recent intraday trading, surpassing the negative pressure of the EMA50, announcing its full recovery amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, noticing the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions from them, opening the way for targeting new resistance levels in the upcoming near period.
Silver price declined during recent intraday trading, amid the dominance of the short-term main bearish trend, with its trading alongside minor trend line that supports this path, with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, preparing to break the current support level at $67.70, and this scenario supports the continuation of the trading below EMA50, representing dynamic resistance that intensifies the negative pressure around the price.
Gold price declined during recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of near-term recovery, especially with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the near upcoming period, amid the dominance of the main bearish trend on short-term basis.
The EURUSD pair declined in its last intraday trading, affected by negative technical formation on the intraday basis, which is represented by the double top pattern, and it is under the dynamic negative pressure that is represented by its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the losses.